Shares of Palantir Technologies Inc. PLTR,
fluctuated to a 0.6% loss in midday trading, reversing a previous intraday gain of up to 2.3%, as data integration and the software company’s shares are expected to suffer their worst week since the opening of the capital. The stock fell 17.8% this week, as it is expected to lose ground in all sessions, and is expected to fall in 11 of the last 12 trading sessions. That would be the biggest sale in a week since the shares went public on September 30, beating the previous record 15.1% drop in the week ending December 31. During the recent stock weakness, several insiders made millions by trading the shares. The stock has already lost 18.0% in the last three months, while the S&P 500 SPX,
gained 6.0%.
